Payouts

Create and process payouts on the RazorpayX Dashboard. Understand the payout modes, actions and features.


Payouts are transactions made to contacts. For every payout, you need to specify the amount, the contact, and the payout's purpose. You become eligible to make payouts after you sign up, finish account activation and KYC verification.

A payout transaction is made to a

associated with a . Bluntly, a Contact is a person or the beneficiary and the Fund account is the account they use to accept or disburse payments.

Payouts in RazorpayX come with variety of features and functions. You can:

If a payout fails at any stage,

, which ends with the debited balance being credited back to your RazorpayX account.

The payout amount, fees and tax are deducted from your RazorpayX account balance. These appear as a debit against your RazorpayX account. Know more about

.

You can make payouts in 3 simple steps:

  1. Add funds to your business account.
  2. Create a Contact and a Fund account. This is similar to adding a beneficiary on your netbanking portal. Know more about adding .
  3. Make a payout.
Create Payout by adding funds → create Contact and Fund Account → create Payout

You can add attachments to payouts either during or after the Payout creation. Attachments provide increased visibility for you, your payout recepients and

.

To add attachments during the payout creation process:

  1. On your Dashboard,

    .

  2. In the Payout Details page of creating a payout, add files against Attachment, as shown.

    • You can upload files with .pdf, .jpg, .jpg, .doc and .xls extensions.
    • The supported file size is upto 5 MB.
    • Drag and drop the file or click browse to upload it from the system.

    The image below shows how to add an attachment during the payout creation process. You can also add

    .

    Payout Details asking (compulsory) Payout Purpose, Debit Account, Transfer Type and (non-compulsory) Attachment.
  3. Add other details in + ADDITIONAL DETAILS if required and click NEXT. Confirm the Payout with OTP and Pay ₹.

To add attachments after the Payout is created:

  1. In you Payouts Dashboard, click on the Payout you want to add an attachment to.
  2. Navigate to Attachment in pop-up page that appears to the right.
  3. Click Upload and upload the attachment file. The supported file type remain .
Payout summary pop-up showing Payout details and highlighting Attachment and Upload

ActionAPIDashboardRazorpayX Mobile AppBulk Upload
Create a Payout
View payout detailsx

Know more about creating

and .

You can make payouts using any one of the following payout modes. The transaction limits and operating hours for each payout mode is listed in the below table.

Watch Out!

The payout modes are case sensitive. When creating payouts using APIs, ensure payout modes are entered in upper case.

The following table indicates the payout modes, transaction limits and operating hours for each payout mode for

:

Payout ModeFund Account TypeAmount LimitProcessing Hours
IMPSbank_accountUpto ₹5 lakh (per transaction)Credited immediately on all days 24x7
NEFTbank_accountUpto ₹10 Cr (per transaction)Credited within 2 hours between 1:00 a.m. and 6:45 p.m. on NEFT working days. *
RTGSbank_accountUpto ₹10 Cr (per transaction)Credited in 30 minutes between 9:00 a.m. and 5:15 p.m. on RTGS working days. *
UPIvpaUpto ₹1 lakh (per transaction)Credited immediately on all days 24x7
amazonpaywalletUpto ₹10,000 (per transaction)Gift card sent immediately.

*NEFT/RTGS working days - All days except 2nd and 4th Saturdays, Sundays and any NEFT/RTGS holiday.

Please contact our

to increase the NEFT limit.

The following table indicates the payout modes, transaction limits and operating hours for each payout mode for

:

Payout ModeFund Account TypeAmount LimitProcessing Hours
IMPSbank_accountUpto ₹5 lakh (per transaction)Credited immediately on all days 24x7
NEFTbank_accountAbove ₹1 (per transaction)Credited within 2 hours for:
ICICI Current Account holders: Between 1:00 AM & 6:45 PM
RBL Current Account holders: Between 2:00 AM & 6:00 PM *
RTGSbank_accountAbove ₹2 lakh (per transaction)Credited in 30 minutes for:
ICICI Current Account holders: Between 9:30 AM & 5:15PM
RBL Current Account holders: Between 8:00 AM & 5:30 PM *
UPIvpaUpto ₹1 lakh (per transaction)Credited immediately on all days 24x7 **

*NEFT/RTGS working days - All days except 2nd and 4th Saturdays, Sundays and any NEFT/RTGS holiday. Download the

.

**Currently, the UPI facility is available only for Current Accounts opened through RBL.